IONQ Options History — February 2025

In February 2025, IONQ traded between $24.38 and $42.25. ATM implied volatility averaged 127.7%, placing in the 79.9% IV rank vs the trailing year. The 30-day expected move averaged 37.3%. IV traded above realized volatility by 9.5% (HV 20d: 118.2%). Max pain ranged from $34.00 to $40.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.83.

Notable Days

  • 2025-02-27: Highest Volume — 111,714 contracts
  • 2025-02-18: Largest IV spike — 13.1% change
  • 2025-02-24: Highest IV Rank — 90.8%
  • 2025-02-26: Largest Expected Move — 40.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.59$24.38$42.25$41.48$24.38
Max Pain$39.42$34.00$40.00$40.00$34.00
ATM IV127.7%120.0%139.2%131.1%120.0%
Expected Move37.3%29.5%40.4%32.9%37.4%
HV 20d118.2%61.0%239.9%239.9%82.4%
HV 60d174.0%168.6%185.8%185.8%169.5%
IV Rank79.9%72.7%90.8%83.1%72.7%
IV Percentile89.2%79.4%98.8%93.3%79.4%
Term Structure-1.8%-23.7%12.4%2.7%-5.4%
VWIV130.8%103.9%141.4%115.8%130.8%
Skew 25d-1.4%-12.9%12.9%-2.8%-2.2%
Skew 10d-8.3%-40.3%3.7%-33.0%-1.7%
Call IV 25d128.4%101.8%142.8%132.8%125.6%
Put IV 25d126.9%105.7%139.1%130.1%123.4%
Bid-Ask Spread %9.744.5016.336.2915.73
Gamma HHI0.070.050.150.070.15
Net GEX1.4M-1.8M4.4M3.3M-1.8M
Net DEX-224.2M-420.7M15.3M-389.4M15.3M
Net VEX-1.5M-1.7M-1.0M-1.7M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.512.310.822.31
Total Volume54,860.52633,153111,71454,41268,535
Total OI378,646.053317,984426,000368,243389,634

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$41.48$40.00131.1%32.9%239.9%83.1%115.8%-2.8%2.7%3.3M-389.4M-1.7M0.826.29N/AN/A29,94124,471205,409162,834
2025-02-04$42.18$40.00129.2%33.0%237.5%81.4%116.6%-5.0%-3.9%3.7M-418.8M-1.7M0.674.81N/AN/A32,67821,931213,958173,832
2025-02-05$42.25$40.00123.8%29.5%235.3%76.2%103.9%4.1%-3.1%4.4M-420.7M-1.7M0.757.24N/AN/A18,95614,197221,803182,552
2025-02-06$41.23$40.00122.0%37.0%235.1%74.6%129.7%-2.3%-5.6%3.6M-373.7M-1.7M0.749.89N/AN/A25,93619,247223,522185,281
2025-02-07$40.67$40.00124.9%37.6%140.5%77.3%132.5%1.5%-7.9%2.2M-350.2M-1.7M0.8312.45N/AN/A49,93041,513231,528194,472
2025-02-10$41.25$40.00121.4%37.2%138.2%74.0%130.3%3.9%9.3%2.9M-357.6M-1.6M0.5815.29N/AN/A25,16514,582201,407164,299
2025-02-11$38.28$40.00124.9%37.9%129.0%77.3%132.7%5.6%6.1%1.5M-260.9M-1.6M0.7715.07N/AN/A23,13417,799210,248169,396
2025-02-12$38.13$40.00120.8%37.7%127.4%73.5%132.1%12.9%10.6%1.2M-249.4M-1.6M0.519.19N/AN/A22,88011,650214,641174,774
2025-02-13$38.19$40.00120.9%37.2%71.9%73.5%130.1%-12.9%12.4%987.3K-250.4M-1.5M0.5216.33N/AN/A26,08013,508218,403175,481
2025-02-14$37.66$40.00122.2%37.1%69.9%74.8%130.2%-1.8%11.2%978.0K-231.3M-1.5M0.5111.66N/AN/A29,18014,985223,385177,481
2025-02-18$33.49$40.00138.2%39.9%78.3%89.9%140.2%-3.3%-9.8%144.4K-144.4M-1.4M0.916.19N/AN/A39,40835,714197,971160,015
2025-02-19$34.39$40.00137.9%39.5%63.1%89.6%138.3%-6.0%-3.9%892.2K-179.9M-1.4M0.7310.93N/AN/A57,77642,449204,105166,060
2025-02-20$33.88$40.00133.5%38.6%61.0%85.4%135.7%-4.4%-6.6%794.2K-167.9M-1.4M0.768.96N/AN/A22,14816,823217,823176,627
2025-02-21$31.94$40.00134.7%39.4%63.2%86.6%138.2%-2.5%-9.4%106.3K-121.6M-1.3M0.666.65N/AN/A30,85320,515221,550175,314
2025-02-24$31.55$40.00139.2%39.4%63.1%90.8%138.9%-3.2%-23.7%916.7K-145.3M-1.3M0.654.50N/AN/A21,08213,761177,080140,904
2025-02-25$29.91$40.00125.3%39.5%63.5%77.7%138.5%-5.1%2.8%650.2K-108.1M-1.2M0.768.53N/AN/A20,57015,724186,940145,977
2025-02-26$30.00$40.00133.3%40.4%63.7%85.2%141.4%-4.3%-4.5%813.9K-113.9M-1.2M0.906.35N/AN/A25,01322,502191,464150,484
2025-02-27$25.30$35.00122.6%36.9%82.4%75.1%129.9%0.7%-5.8%-1.6M8.8M-1.0M1.429.01N/AN/A46,14665,568202,528165,093
2025-02-28$24.38$34.00120.0%37.4%82.4%72.7%130.8%-2.2%-5.4%-1.8M15.3M-1.1M2.3115.73N/AN/A20,70647,829216,177173,457